SAN JOSE, Calif., Oct. 1, 2008 (GLOBE NEWSWIRE) -- Electroglas, Inc. (Nasdaq:EGLS), a leading supplier of wafer probers and software solutions for the semiconductor industry, today announced that Peter D. Schleider has been elected to the Company's Board of Directors effective September 23, 2008.
"I am excited to join the Board of Electroglas," said Mr. Schleider. "As a significant owner of the stock, our firm is supportive of management and their direction for the Company."
"We are very pleased to add Mr. Schleider to the Company's Board of Directors," said Tom Rohrs, Chairman and CEO of Electroglas. "He brings significant experience in Technology Investments to Electroglas. I am sure that Pete will add a great deal of value to our Board."
Mr. Schleider founded and has managed Peninsula Technology Fund, LP since 2001. From 1999-2001, he ran a private investment fund, RKB Capital, LP, and, in 1998, he was a founding member of Matrix Capital Management, a technology-focused hedge fund. From 1987 to 1997, Mr. Schleider was a partner of Wessels, Arnold & Henderson, an investment banking firm in Minneapolis, MN, focusing on technical software. From 1983 to 1987, Mr. Schleider was a hardware and software analyst with L.F. Rothschild, Unterberg, Towbin. Mr. Schleider graduated from Trinity University with a Bachelor of Arts degree in History and Economics (1980).
About Electroglas
Electroglas is a leading supplier of innovative wafer probers, test floor management software and services that improve the overall effectiveness of semiconductor manufacturers' wafer and device testing. Headquartered in San Jose, California, the Company has been a leading equipment supplier to the semiconductor industry for over four decades, and has shipped more than 16,500 systems worldwide. Electroglas' stock trades on the NASDAQ Capital Market under the symbol "EGLS." More information about the Company and its products is available at www.electroglas.com.